<ul><li>Tesla has received approval for a tax abatement in Texas to build a factory for its Megapack utility-scale storage product.</li><li>The final approval is contingent on an agreement with city authorities.</li><li>The tax abatement covers two phases, including improvements to the manufacturing facility and installation of Megapack manufacturing equipment.</li><li>The total investment for the improvements and equipment is approximately $194 million.</li></ul>

Tesla lands tax abatement for Texas Megapack factory

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